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Technology Stocks : Micrel (MCRL)

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To: drdart who wrote (45)10/13/1997 4:16:00 PM
From: Silk Stockings   of 268
 
Owned MCRL since 5/26/95 @ split adjusted $10.75.

This is an expensive stock IMO. Nonetheless, I am holding this puppy until the growth fundamentals change to be unattractive.

It has already been quite volatile over the last couple of years and probably will continue to be so.

High PE stocks tend to have traders moving in and out of the stock like a herd of, well, bulls and bears. They drive it up. They drive it down. Meanwhile, the company grows and grows. Let the traders do their thing. Meanwhile, I have a four bagger in 2.5 years.

Look to buy this stock on general tech stock weakness and especially if it falls to near its 200 DMA. (Currently below $30.)

Perhaps after a few more splits and mucho price appreciation, this stock thread will be very busy and become a SI "Hot Subject" - then will be the time to begin taking profits.
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